When bitcoin was developed, the main objective was to enable peer-to-peer transactions, bypassing the middlemen who take advantage of centralized transactions. These middlemen make profits from financial transactions, in fact they are paid for these transactions. Banks and financial institutions exist for centuries and have made so much money from clients. Now they are the most powerful entities in our society. With cryptocurrencies we can skip them and do our own thing.
Hi. I covered this subject in the post. In fact I was trying to explain that skipping the midle men is not the only benefit of crypto. If you find something you dissagree or think is incomplete please let me know so that I edit it for future readers.
